Pens team with gambling company on arena plan

Updated: December 21, 2005, 4:49 PM ET
Associated Press

PITTSBURGH -- The Pittsburgh Penguins have partnered with a gambling company in hopes of building a new arena the team says it must have to remain here.

Under the agreement announced Wednesday, if Isle of Capri Casinos Inc. receives the license expected to be awarded next year for a Pittsburgh slots parlor, it will build a $290 million arena.

The company, which owns and operates 15 casinos and a race track, would turn the building over to the city-county agency that operates 44-year-old ...

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